SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 13, 1994
COCA-COLA ENTERPRISES INC.
(Exact name of registrant as specified in charter)
Delaware 01-09300 58-0503352
(State of (Commission File No.) (IRS Employer
Incorporation) Identification No.)
One Coca-Cola Plaza, N.W., Atlanta, Georgia 30313
(Address of principal executive offices, including zip code)
(404) 676-2100
(Registrant's telephone number, including area code)
Page 1 of 6 pages
Exhibit Index page 4
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Item 5. Other Events
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Coca-Cola Enterprises Inc. (the "Company") files herewith
its Condensed Consolidated Statements of Operations,
reporting the Company's financial results for the first
quarter of 1994.
Item 7. Financial Statements and Exhibits
---------------------------------
(c) Exhibits.
99 Condensed Consolidated Statements of Operations
(Unaudited) of the Company, reporting financial results
for the first quarter of 1994.
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PAGE
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
COCA-COLA ENTERPRISES INC.
(Registrant)
LOWRY F. KLINE
Date: April 15, 1994 By:--------------------------
Lowry F. Kline
General Counsel
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COCA-COLA ENTERPRISES INC.
EXHIBIT INDEX
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Exhibit No. Page
----------- ----
99 Condensed Consolidated Statements of Operations 5
(Unaudited) of the Company, reporting financial
results for the first quarter of 1994.
4
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COCA-COLA ENTERPRISES INC. EXHIBIT 99
PAGE 1 0F 2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited; in millions except per share data)
First Quarter
------------------ Percent
1994 1993(1) Change
------- ------- -------
Net Operating Revenues $ 1,320 $ 1,208 9%
Cost of sales 799 731 9%
------- -------
Gross Profit 521 477 9%
Selling, general and administrative
expenses 452 408 11%
------- -------
Operating Income 69 69 -
Interest expense, net 80 83 (4)%
Other nonoperating expenses, net 2 1 -
------- -------
Income (Loss) Before Income Taxes (13) (15) 13%
Income tax expense (benefit) (7) (10) -
------- -------
Net Income (Loss) (6) (5) -
Preferred stock dividend
requirements 1 - -
------- -------
Net Income (Loss) Applicable to
Common Share Oweners $ (7) $ (5) -
======= =======
Average Common Shares Outstanding 129 129 -
======= =======
Net Income (Loss) Per
Common Share (2) $ (0.06) $ (0.04) -
======= =======
Cash Operating Profit Data:
Operating income $ 69 $ 69 -
Depreciation 69 57 21%
Amortization 43 41 5%
------- -------
Cash operating profit (3) $ 181 $ 167 8%
======= =======
Volume Growth - First Quarter 1994
as compared to First Quarter
1993: (4)
Bottle/can volume growth 9%
Fountain gallon volume growth 9%
See Notes to Condensed Financial Information.
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COCA-COLA ENTERPRISES INC. EXHIBIT 99
PAGE 2 OF 2
NOTES TO CONDENSED FINANCIAL INFORMATION
First Quarter Ended April 1, 1994
(Unaudited; in millions)
The Company's press release on the results of operations for the
first quarter of 1994 was released to the public on April 13, 1994.
This condensed financial information is prepared for the purpose of
filing a summary of first quarter 1994 financial information, which
was included in the Company's press release on April 13, 1994, with
the Securities and Exchange Commission.
(1) On June 30, 1993, the Company acquired from The Coca-Cola
Company: (i) Coca-Cola Beverages Nederland B.V. in the
Netherlands; (ii) Roddy Coca-Cola Bottling Company, Inc.;
and (iii) Coca-Cola Bottling of Johnson City, Tennessee.
The results of operations of these companies are included
in the Condensed Consolidated Statements of Operations from
the date of the acquisition.
(2) Per share data calculated prior to rounding to millions.
(3) Reported first quarter 1994 cash operating profit includes
the effect of acquisitions referred to in note (1) above.
After appropriate adjustments to first quarter 1993 for
the effects of these acquisitions, comparable first-quarter
1994 cash operating profit increased approximately 2% as
compared to first quarter 1993.
(4) Adjusting 1993 volume for the effect of acquisitions,
physical case bottle/can volume would have increased
approximately 1.5%, and fountain gallon volume would have
increased approximately 6%, for first-quarter 1994 as
compared to first-quarter 1993.
